Common use of No Diversion of Business Opportunities and Prospects Clause in Contracts

No Diversion of Business Opportunities and Prospects. The Executive agrees that during his employment with the Company: (i) the Executive shall not directly or indirectly engage in any employment, consulting or other business activity that is competitive with the Business Conducted by the Company or any of its Affiliates; (ii) the Executive shall promptly disclose to the Company all business opportunities that are presented to the Executive in his capacity as an employee of the Company or which is of a similar nature to the Business Conducted by the Company or any of its Affiliates or which the Company or its Affiliates have expressed an interest in engaging in the future; and (iii) the Executive shall not usurp or take advantage of any such business opportunity without first offering such opportunity to the Company.

Appears in 8 contracts

Samples: Employment Security Agreement (SMURFIT-STONE CONTAINER Corp), Employment Security Agreement (SMURFIT-STONE CONTAINER Corp), Employment Agreement (SMURFIT-STONE CONTAINER Corp)

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No Diversion of Business Opportunities and Prospects. The ---------------------------------------------------- Executive agrees that during his employment with the Company: (i) the Executive shall not directly or indirectly engage in any employment, consulting or other business activity that is competitive with the Business Conducted by the Company or any of its Affiliates; (ii) the Executive shall promptly disclose to the Company all business opportunities that are presented to the Executive in his capacity as an employee of the Company or which is of a similar nature to the Business Conducted by the Company or any of its Affiliates or which the Company or its Affiliates have expressed an interest in engaging in the future; and (iii) the Executive shall not usurp or take advantage of any such business opportunity without first offering such opportunity to the Company.

Appears in 6 contracts

Samples: Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp)

No Diversion of Business Opportunities and Prospects. The Executive agrees that during his employment with the Company: (ia) the Executive shall not directly or indirectly engage in any employment, consulting or other business activity that is competitive with the Business Conducted by the Company or any of its AffiliatesCompany; (iib) the Executive shall promptly disclose to the Company all business opportunities that are presented to the Executive in his capacity as an employee of the Company or which is of a similar nature to the Business Conducted by the Company or any of its Affiliates or which the Company or its Affiliates have has expressed an interest in engaging in the future; and (iiic) the Executive shall not usurp or take advantage of any such business opportunity without first offering such opportunity to the Company.

Appears in 5 contracts

Samples: Employment Agreement (Anchor Glass Container Corp /New), Employment Agreement (Anchor Glass Container Corp /New), Employment Agreement (Anchor Glass Container Corp /New)

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No Diversion of Business Opportunities and Prospects. The Executive agrees that during his employment with the Company: (i) the Executive shall not directly or indirectly engage in any employment, consulting or other business activity that is competitive with the Business Conducted by the Company or any of its Affiliates; (ii) the Executive shall promptly disclose to the Company all business opportunities that are presented to the Executive in his capacity as an employee of the Company or which is of a similar nature to the Business Conducted by the Company or any of its Affiliates or which the Company or its Affiliates have expressed an interest in engaging in the futureCompany; and (iii) the Executive shall not usurp or take advantage of any such business opportunity without first offering such opportunity to the Company.

Appears in 2 contracts

Samples: Employment Agreement (SMURFIT-STONE CONTAINER Corp), Employment Agreement

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